PASA publishes on its website:
“PASA today announced that AllianceBernstein is the first asset manager to become a PASA member.
Kim Gubler, PASA Chair commented: “Continuing to raise the standard of administration is not just the responsibility of administrators so it has been really encouraging that, so far in 2019, we have really started to see an emergence of cross industry awareness of this. Administration is moving up the agenda for everyone. As a result our membership is not only growing, but becoming increasingly diverse.
“Continuing to expand this reach is key to the evolution of PASA and we welcome our first asset manager today. This follows our first trustee member announced last month. It is great affirmation of the support we have in the industry and that we are all moving in the right direction – taking administration with us!”
David Porter, Head of Investment Delivery for Multi-Asset solutions – EMEA, at AllianceBernstein said: “High quality administration of investment solutions and transitions, as an asset manager, is vital to us in delivering the service we set out to for our clients and, ultimately, for the members. We want to be at the forefront of best practice and firmly believe that becoming a member of PASA demonstrates the importance of aligning good scheme design and outcomes with ease of administration.””
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